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Economics Past Questions

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2921

A line in commodity space which shows the constraints imposed by his budget, his money income and the price of goods purchased is

  • A. supply curve
  • B. liquidity preference
  • C. Budget line
  • D. demand curve
View Answer & Discuss JAMB 2015
2922

The information that rank a consumer preferences is given by

  • A. Scale of preference
  • B. Indifference map
  • C. Demand schedule
  • D. Supply schedule
View Answer & Discuss (5) JAMB 2015
2923

The ownership of a public limited liability company is made up of

  • A. two to twenty persons
  • B. minimum of two and maximum of fifty
  • C. minimum of seven and no maximum number
  • D. owner owned by the government
View Answer & Discuss (6) JAMB 2015
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2924
All the following are types of specialization except
  • A. Manager Specialization
  • B. Product specialization
  • C. Specialization by sex
  • D. Geographical specialization
View Answer & Discuss JAMB 2015
2925
A market will be at equilibrium when
  • A. demand and supply are equal
  • B. demand is greater than supply
  • C. price is higher
  • D. supply is greater than demand
View Answer & Discuss JAMB 2015
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